He oversaw the reform of Singapore’s financial and banking sectors, which included privatising the Post Office Savings Bank and selling it to DBS Bank.
“His wisdom and foresight shaped our key policies, including the GST, which created a more resilient tax base for Singapore and boosted our international competitiveness,” he wrote. The agency noted that Dr Hu emphasised the high standards of financial regulation and supervision that Singapore is known for.
“Many of the older staff in MAS fondly remember Dr Hu for his wise and steady leadership,” added MAS.
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Former Finance Minister Richard Hu dies aged 96SINGAPORE: Former Finance Minister Richard Hu died on Friday (Sep 8) at 96 years old. Dr Hu first entered politics in 1984 after contesting in the General Election as a member of the People's Action Party for the Kreta Ayer constituency, where he was elected as a Member of Parliament Therea
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Richard Hu, S’pore’s longest-serving finance minister, dies aged 96He also held ministerial portfolios of health and national development during his years in the Cabinet. Read more at straitstimes.com.
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Singapore's longest-serving finance minister Richard Hu dies aged 96SINGAPORE — Dr Richard Hu, who served as Singapore's Finance Minister for 16 years, died on Friday (Sept 8). He was 96.
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Singapore's longest-serving finance minister Richard Hu dies aged 96Deputy Prime Minister Lawrence Wong and Deputy Prime Minister Heng Swee Keat paid tribute to Dr Hu, who was Singapore's Finance Minister from 1985 to 2001.
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